1974 | OriginalPaper | Chapter
The Process of Economic Analysis
Author : D. C. Rowan
Published in: Output, Inflation and Growth
Publisher: Macmillan Education UK
Included in: Professional Book Archive
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In Chapter 1 we defined the four main problems with which this book deals as being to explain(i)what determines the level of output in any period;(ii)what determines the rate at which ‘output’ grows between any two periods;(iii)what determines the general level of prices in any period;(iv)what determines its rate and direction of change between any two periods. We have thus selected particular aspects of the economic system for intensive study. How are we to set about analysing these problems?